Monthly Archives: February 2016

If I only had a nickel for how often this phrased has been used over the years. What does it mean? This is a very common phrase used on Agents E&O cases (among other legal matters) when both of the … Continue reading →

Typically during the next several months, the various financial rating agencies will be reviewing the 2015 financials from most of the insurance carriers, including the majority of the P&C and L&H carriers. Historically for each year this vital process has … Continue reading →

Consistency is actually a very important word in the world of Agents E&O. If you were sitting around a table with 4 of your colleagues and the subject of a particular procedure came up, what is the chance that you … Continue reading →

What do I mean by casual quotes? These are quotes that are provided to walk-in accounts or “prospects” that call the agency, essentially just looking for a number. The exposure could be personal or commercial. Their goal is to secure … Continue reading →

2015 is now firmly in the books and based on some initial analysis, it appears that 2015 continued a number of trends from 2014. E&O frequency (the number of E&O claims per 100 agencies) continues to be in excellent shape although … Continue reading →

While that may sound somewhat confusing, there really is a fair degree of truth to the statement. E&O manuals and E&O seminars historically will stress the importance of securing the signature of the client on the appropriate applications. This is … Continue reading →

Recently, there have been many articles written about the issue of new entrants into the digital age of insurance applications. Many of those articles have referenced that while this is a significant threat to the independent agent, many independent agents … Continue reading →

The insurance industry has been dealing with Broker of Record situations since the beginning of time. Unfortunately, it has also been dealing with E&O claims from Broker of Record situations since the beginning of time. Taking over an account via … Continue reading →